Old support, new resistance?Looks like that old support has turned into new resistance. I'm going to wait and see where this goes before making any moves. If it can break past the resistance around 0.000225 then I may enter a position.
KMDBTC trade ideas
KMD - Break OutKMD broke out the descending traingle without volume now she trying to pass Ma50, if she succed it is possible to say next target is Ema 144
My $1k to $100k Challenge - Day 27 Trade #40 - KMDHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by the end of the year by day trading altcoins.
I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile.
I will be using a trading bot with profit trailing set if the trade goes over 3 1/2% profit.
This means if the trade goes past 3 1/2% profit but doesn't reach my sell target, once the price dips more than 0.50%, the trading bot will sell and take profit.
After 26 days and 38 completed trades:
Wins: 16
Loss: 22
Balance: 0.1517 B
USD: $ 989
*Some trades may be pending and not yet included in my stats
There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow.
CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge.
If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart.
Alright, here we go with Day 27 trade #40
I invested 0.0751 B into KMD. I bought 366.34 @ 20500 satoshi
My Sell target is: 21530 for 5% profit
My Stop loss: 19980 (-2 1/2%)
In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all.
I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey.
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
Komodo Pennant potentialKomodo has formed a pennant after a large spike on August 3rd. There are 4 touchpoints along the top trendline and 3 along the bottom, so I expect the breakout to follow the next touch of the bottom trendline. Keeping stop-loss relatively close in case of negative breakout.
KMD possible inverse H&SOpium for Komodo with this possible inverse H&S.
Komodo is a tech monster, slowly starting to gain more and more attention with ambitious objectives like 1 million tx/sec on its blockhain. One of my favorite altcoin.
KOMODO: 1 MILLION TPS & Z-K PROOFS - PROFIT = 32.50% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 3rd of August 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 32.50% PROFIT!!!
The increase in price may also be explained by positive developments including:
February 23 2018: Komodo announces that it has performed an atomic swap between Ethereum and Dogecoin using BarterDEX, Komodo’s decentralized exchange. BarterDEX features 100+ coins and will grow to support 1000+ cryptocurrencies once we fully integrate the ERC20 tokens into the DEX.
March 16: Komodo announces that its BarterDEX supports 95% of All Coins in Existence.
March 27: Komodo Platform, a blockchain industry leader and pioneer of the innovative atomic swap technology, is entering a strategic partnership agreement with ValueNet Capital, a venture capital fund based in Beijing. The agreement is focused on decentralized initial coin offerings (dICOs). Komodo Platform is one of the world’s first platforms to allow entrepreneurs and business owners to launch completely independent blockchains. Business leaders who launch an independent blockchain on the Komodo Platform may subsequently sell their blockchain’s coins to the public via a dICO.
May 22: China’s Blockchain Rankings Puts Komodo in the Top 5 Blockchain Platforms.
June 7: BarterDEX, Komodo’s decentralized exchange, has recently been added to Blockfolio.
(NEW) July 7: Komodo announces it plans to reach 1 million tps using its Federated Multi-Chain Syncing technology. This aims to increase the scalability of the blockchain.
(NEW) July 9: Komodo announces plans to add Cross-Chain Smart Contracts functionality to it's blockchain. This aims to increase the interoperability of the blockchain.
(NEW) July 11: Komodo announces plans to Zero Knowledge Proofs functionality to it's blockchain. This aims to increase the privacy of the blockchain.
The price increase is the result of the positive developments outlined above and a recovery in the crypto markets.
***The "Crypto Bottom" and "Crypto Peak" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for more information)***
Potential Pitchfork FormationI don't have much time to write at the moment, but I would like to post this. It looks like BINANCE:KMDBTC could potentially be forming a pitchfork trend here. We have a potential top, middle, and bottom, and have had a nice uptrend the past few days. In addition, we've had two wicks break above the 21 Day (blue) on 7/25 & 8/3, potentially signaling a switch in momentum.
If this trend holds, it doesn't look like KMD will be much cheaper than this. Many of the other altcoins are still waiting for their rallies, but this one may be starting early with BTC. I could be wrong, but I'm liking how this chart is looking.
Thanks for reading, stay smart out there.
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Dillon Seals
KMD 10x on Mid-Longterm PlayWith Ethereum dying off and the general bull market encroaching, KMD is primed to make big moves up.
Keep your eyes on this one over the next months/years.
(KMD/BTC) Long term trade idea.Entry in the green box.
Target 1 yellow box. (+90% / 115%)
Target 2 orange box. (+170% / 200%)
Target 3 red box. (+240% / +270%)
Disclaimer, my post are my own ideas, not financial advice.
$KMD /$BTC - Just hit all time Low.$KMD /$BTC - Just hit all time Low.
Description: Komodo is a privacy-centric cryptocurrency that combines the anonymity of ZCash with the security of Bitcoin. Using a new consensus mechanism developed by the Komodo team, delayed Proof of Work, Komodo blocks can be notarized using the Bitcoin blockchain. KMD is issued through an Equihash-based PoW protocol, and the new block information is sent to pre-voted notary nodes. These nodes insert the Komodo block information on the BTC blockchain by creating a custom transaction. This system ensures that in order to "hack" komodo, one would have to rewrite both chains.Komodo uses Zero Knowledge Proofs to provide 100% anonymous transactions, that are now secured with Bitcoin's hash rate.
Circulating Supply: 104,254,998
Total Supply: 104,254,998
Upcoming News & Events
Title: Airdrop Snapshot
Date: 14 August 2018
Description: Snapshot for Chainzilla airdrop on Aug 30 to KMD holders.
Title: Full Rebrand 2.0
Date: 31 December 2018 (or earlier)
Description: Full Rebrand 2.0 - 2nd half of 2018
KMDKMD
Mid to long term
Mixed signals on this one. It looks like someone, or several someones are attempting to drive price down and accumulate this coin. See the strong price drops on weak volume and smaller price pumps on strong volume. So this activity could be throwing some indicators off. Bearish TK cross inside a red cloud is usually and exit signal. So, I would not buy it until it exited the cloud and had a bullish cross, or it drops down and bounces off the bottom of the cloud.
Generally though the thought of Laughing Monkey, "Throw a dart at any coin right now and it will pump," is still true, but I think there will be a better time to buy this coin in the near future. Long term I doubt it will go a lot lower than this, and the upside potential is a much greater reward imo than the downside right now. My SL would be below the trend line.
KMD - A perfect buy - starting with +20%Testing to break out of the falling wedge --> Probably the next alt that will go 20% in satoshi value
But set a stop loss --> breakout fail and could go towards the lowest point (around 19K)
Little messy, but OBV divergences like that cannot be ignoredSomeone has been buying KMD as the price goes down. Orange targets should be safe, while blue is for longer holds. Of course this depends on BTC movement, but KMD is bottomed out, with a 10% drop max to the bottom. Good luck
KMD KOMODO- simple chart short term bearish, long term bullish5/22/18
- KMD currently bound in this symmetrical triangle and heading to logical support levels at 3350-3100 (entry point)
- then we'll need to see a break above the symmetrical triangle to consider a bullish reversal pattern
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
Safety Profits in the next 30 DaysBreakout soon with profit perdiction up to ~100% in my mind. (Optimist)
30 Days Profit:
Hit Target 1 = 100% Chance
Hit Target 2 = 65 % Chance
$KMD Consolidating$KMD has an increase in volume recently. Bouncing between resistance and support. They're going to a blockchain festival in Vietnam this week but I don't see it as a big price driver. They also have a rebrand coming in the second half of 2018.
That being said, I think we continue to consolidate until a we get a catalyst. I doubt the triangle will play out fully but until money comes into the market we're probably just moving sideways. Good news is that the support shown is pretty solid near bottom support.
KMD longKMD finding strong support her in this range. It's moving to the top of support, and we've got a MACD cross with favourable RSI. This looks primed for a move up.
With BTC the way it is right now, i'll be using a tight SL.
Komodo correction This is my idea for Komodo's correction. I think we are currently seeing wave X in play which will hit the triangle's resistance, bounce back to the support which would be a final Z wave, and then breakout from the upside.